Mayville Engineering Q4 net loss $13.6M on $16.9M impairment; full-year sales up 27% to $454.8M

Mayville Engineering Company, Inc.

Net sales Q4 $113.0M (+19% YoY); FY $454.8M (+27% YoY).
Net loss Q4 $13.6M includes $16.9M impairment from fitness customer zero-demand notice.
Adjusted EBITDA Q4 $9.2M (8.1% margin); FY $46.2M (10.2% margin).
2022 outlook: net sales $480-530M, adj. EBITDA $58-70M, assumes no fitness revenue.
Impairment charge of $16.9M on Hazel Park, MI facility assets specific to fitness customer.

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